Wells Fargo is committed to risk infrastructure and efficiency initiatives

Wells Fargo plans to invest $54.2 billion in 2025 to improve operational efficiency and expand its risk infrastructure. Mike Santomassimo, executive vice president and chief financial officer of the $1.9 trillion Wells Fargo, said today that spending projections for 2025 are down 0.7% from 2024. Announcement of the company’s financial results for the fourth quarter of 2024. The reduced expenditure is (…)